ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Saturday, October 19, 1996 TAG: 9610210003
SECTION: BUSINESS PAGE: A-5 EDITION: METRO
Bankruptcies
Four bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia at Roanoke. Two of them are personal bankruptcies that the court listed as businesses because they have commercial connections and could be of interest to business creditors and customers.
* Susan Gail Polek of Roanoke filed for a wage-earner plan for repayment of debts, listing assets of $29,221 and liabilities of $48,264. She is the owner of Batter's Box, a retail baseball card sales outlet in Salem.
* Harold S. Franks III and Pamela J. Franks of Bristol filed for liquidation with assets of $6,684 and liabilities of $91,024. Pamela Franks is the operator of Klassy Kutters, a beauty shop.
* James C. Lowe and Anne L. Lowe of Troutville filed for a wage-earner plan for repayment of debts with assets of $149,170 and liabilities of $248,704. James Lowe is the owner of Rainbow Paint & Deck Co.
* Dwayne Kent Hodges of Rocky Mount, operator of Dwayne's Manufactured Housing Services, filed for liquidation. He did not estimate assets, but estimated liabilities at less than $50,000.
- STAFF REPORT
Feds won't stem heating oil climb
WASHINGTON - Energy Secretary Hazel O'Leary ruled out government intervention Friday to stem high prices for heating oil, although industry and government analysts predicted consumers will pay at least 10 cents a gallon more than year than last.
O'Leary, after meeting with 19 oil industry executives to discuss the price surge in heating oil, said she was told the refiners are making ``extraordinary'' efforts to boost production and no shortages were expected.
Heating oil prices are running 20 cents a gallon higher than last year and are at 5 1/2-year highs on the futures markets. Supplies at the end of September were about 15 percent lower than normal at this time.
- Associated Press
LENGTH: Short : 43 linesby CNB